World’s renewable energy capacity grew at record pace in 2023

Sun, 18 Feb 2024 03:30:24 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.theguardian.com/environment/2024/jan/11/worlds-renewable-energy-capacity-grew-at-record-pace-in-2023>

"Global renewable energy capacity grew by the fastest pace recorded in the last
20 years in 2023, which could put the world within reach of meeting a key
climate target by the end of the decade, according to the International Energy
Agency (IEA).

Additions to the world’s renewable energy grew by 50% last year to 510
gigawatts (GW) in 2023, the 22nd year in a row that renewable capacity
additions set a new record, according to figures from the IEA.

The “spectacular” growth offers a “real chance” of global governments meeting a
pledge agreed at the Cop28 climate talks in November to triple renewable energy
capacity by 2030 to significantly reduce consumption of fossil fuels, the IEA
added.

The IEA’s latest report found that solar power accounted for three-quarters of
the new renewable energy capacity installed worldwide last year. Most of the
world’s new solar power was built in China, which installed more solar power
last year than the entire world commissioned the year before, despite cutting
subsidies in 2020 and 2021.

Record rates of growth across Europe, the US and Brazil have put renewables on
track to overtake coal as the largest source of global electricity generation
by early 2025, the IEA said. By 2028, it forecasts renewable energy sources
will account for more than 42% of global electricity generation.

Tripling global renewable energy by the end of the decade to help cut carbon
emissions is one of five main climate targets designed to prevent runaway
global heating, alongside doubling energy efficiency, cutting methane
emissions, transitioning away from fossil fuels, and scaling up financing for
emerging and developing economies."

Via What Could Go Right? January 18, 2024:
https://theprogressnetwork.org/maternal-mortality-rates-united-states/

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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